Products March 8, 2001

WINDOW OF OPPORTUNITY – Circle Trust Expands 401(k) Brokerage Window

August 15, 2000 (PLANSPONSOR.com) - Connecticut-based Circle Trust Company (CTC) offers a self-directed brokerage option to its Third Party Administrator (TPA) clients via a new strategic alliance with National Discount Brokers.
Reported by

Participating plan sponsors will be able to offer account holders the self-directed option as an additional investment vehicle through CTC’s website at http://www.circletrust.com .

Participants will receive a consolidated account statement.

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The alliance will bring access to some 150 mutual fund families and over 5,000 individual funds through their NDB.com account. 

Previously, CTC 401(k) account holders rarely were provided a self-directed brokerage option.

– Nevin Adams          editors@plansponsor.com

Investing March 7, 2001

Hedging Boosts Average Feb. Hedge Fund Return

March 7, 2001 (PLANSPONSOR.com) - The average US hedge fund slipped 2.3% in February, outpacing major US stock indexes for the month, according to Van Hedge Fund Advisors International.
Reported by

While hedge funds didn’t fare as well as the US equity market in January, hedged positions in February also spared the funds some of February’s plunge.  Preliminary estimates suggest the Average U.S. Hedge Fund is 0.7% higher year-to-date.

Van noted that short sellers are leading all other hedge fund category returns, while market neutral strategies also posted gains.

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